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State Special Purpose Facilities

multiple addresses

Sold for $4,662,041

Status: Sold
Living Area: 47,979 Square Ft.
Lot Size: 12 acres

State Special Purpose Facilities


Overview The properties included in this sale are all Special Purpose facilities used and leased by the State of Tennessee as Group Homes. Locations include: (2) Nashville, Cookeville, Cleveland, Elizabethton, (2) Jackson, Knoxville, (3) Memphis. Total gross income for all eleven properties $700,386.00, with annual expenses equaling $138,925.00...giving this project a NOI of $561,461.00.

NOTE: All buildings are 100% occupied...tennant responsible for daily maint. (including grounds).

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